Mumbai: The benchmark indices ended their two-day winning streaks as they closed below their opening levels in Tuesday’s trade. The oil and gas, realty and utilities indices were the day’s biggest losers. Analysts believe that the markets could stay range-bound in the same manner till next week as they have entered the overbought condition and … Read more
The Unit-1 of Madras Atomic Power Station has been shut since 2018; Tantransco says loss of generation is causing supply issues in south Chennai; Tangedco had written to NPCIL in April. Source link
The European Union will unveil a package of measures this week aimed at pulling down surging gas and power prices that are stoking record-high inflation, hampering industrial activity and inflicting sky-high bills upon citizens ahead of winter. At the start of this month, Russia said it would not reopen its main Nord Stream 1 pipeline … Read more
(This story originally appeared in on Jan 05, 2022) NEW DELHI: Indian equities emerged as the best-performing market among not only its regional peers in Asia in 2021, but it also beat the developed market even though the market has witnessed some correction in the last one month. The year 2021 was a dream run … Read more
By Lu Wang The relentless rally in US equities has driven bears almost into extinction. But to say bullishness is ubiquitous would be a stretch. From options trading to stock preferences to the direction of retail money flows, signs of trepidation are budding in a market where $27 trillion has been added to equity values … Read more
The Trump administration is urging Iraq to proceed with a project to connect its power grid with Saudi Arabia and other Gulf states, among steps to reduce Baghdad’s longstanding dependency on Iranian energy, U.S. and Arab officials said. The grid-connection venture has been the subject of intensive consultations in recent months and was discussed during … Read more
Heavy rains that again swelled the Yangtze River are expected to hit the Three Gorges Dam with its largest-ever flood this week. The new rainfall at a time when summer rains usually have subsided threatens to prolong a crisis that has already caused billions of dollars in economic losses and displaced millions of people. In … Read more